Telstra: Telstra plans are largely unchanged with the same: (1) price points of $60/$80/$100/$130; (2) voice/data inclusions; and (3) handset subsidy levels. The only change is a 12-month promotion of extra 1GB data for 12 months on the $80 plan and above.

Optus: While Optus has left its plans unchanged, we believe it offers marginally better value: (1) broad range of plans from $30-$129; (2) on average greater data allowances; and (3) hiking of subsidies at $30-$80 price points to be in-line with Vodafone.